Versor Investments LP Acquires New Position in Kura Sushi USA, Inc. $KRUS

Versor Investments LP acquired a new stake in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,834 shares of the company’s stock, valued at approximately $330,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KRUS. Voya Investment Management LLC grew its position in Kura Sushi USA by 25.4% during the first quarter. Voya Investment Management LLC now owns 256,449 shares of the company’s stock valued at $13,130,000 after purchasing an additional 51,866 shares in the last quarter. Granahan Investment Management LLC grew its position in Kura Sushi USA by 9.3% during the first quarter. Granahan Investment Management LLC now owns 401,143 shares of the company’s stock valued at $20,539,000 after purchasing an additional 34,114 shares in the last quarter. Quantbot Technologies LP grew its position in Kura Sushi USA by 4,345.3% during the first quarter. Quantbot Technologies LP now owns 29,828 shares of the company’s stock valued at $1,527,000 after purchasing an additional 29,157 shares in the last quarter. Redmond Asset Management LLC purchased a new position in Kura Sushi USA during the second quarter valued at approximately $2,118,000. Finally, King Luther Capital Management Corp grew its position in Kura Sushi USA by 62.4% during the first quarter. King Luther Capital Management Corp now owns 62,518 shares of the company’s stock valued at $3,201,000 after purchasing an additional 24,021 shares in the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

Kura Sushi USA Stock Up 2.6%

KRUS stock opened at $58.83 on Thursday. The firm has a 50 day moving average of $67.68 and a two-hundred day moving average of $72.66. Kura Sushi USA, Inc. has a 12 month low of $40.03 and a 12 month high of $110.66. The company has a market capitalization of $711.25 million, a price-to-earnings ratio of -73.54 and a beta of 1.75.

Kura Sushi USA (NASDAQ:KRUS) last issued its quarterly earnings data on Monday, March 13th. The company reported ($0.13) earnings per share for the quarter. Kura Sushi USA had a negative return on equity of 0.49% and a negative net margin of 3.48%.The firm had revenue of $29.83 million during the quarter. On average, research analysts expect that Kura Sushi USA, Inc. will post 0.22 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on KRUS shares. Roth Capital reaffirmed a “buy” rating and set a $106.00 price objective (up from $89.00) on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kura Sushi USA in a research report on Wednesday, October 8th. TD Securities reissued a “hold” rating and issued a $79.00 target price on shares of Kura Sushi USA in a research report on Wednesday, July 9th. Wall Street Zen downgraded shares of Kura Sushi USA from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, Sanford C. Bernstein set a $67.00 target price on shares of Kura Sushi USA in a research report on Wednesday, October 22nd. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $88.80.

Kura Sushi USA Profile